Riyadh Cables Group Co. — Interim / Quarterly Report 2023

Oct 30, 2023

Riyadh Cables Group Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

4142 · 30/10/2023 08:07:55 · Announcement #76504 · View on Saudi Exchange

Riyadh Cables Group Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,080,717	1,769,302	17.6	1,917,526	8.51
Gross Profit (Loss)	279,208	163,917	70.33	236,706	17.95
Operational Profit (Loss)	168,272	119,346	40.99	136,336	23.42
Net Profit (Loss) after Zakat and Tax	132,703	92,617	43.28	126,938	4.54
Total Comprehensive Income	144,619	78,039	85.32	88,348	63.69
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	5,935,519	5,021,589	18.2
Gross Profit (Loss)	734,651	457,507	60.58
Operational Profit (Loss)	486,939	313,315	55.41
Net Profit (Loss) after Zakat and Tax	384,533	245,966	56.34
Total Comprehensive Income	380,006	175,855	116.09
Total Share Holders Equity (after Deducting Minority Equity)	2,273,583	1,975,519	15.09
Profit (Loss) per Share	15.16	13.17
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The increase in net profit by 43.3% is mainly driven by the increase in sales revenue by 17.6% coupled with product mix
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The increase in net profit by 4.5% is mainly driven the increase in sales revenue coupled with product mix
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The increase in net profit by 56.3% is mainly driven by the increase in sales revenue by 18.2%, coupled with product mix
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	N/A
Reclassification of Comparison Items	N/A
Additional Information	N/A

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